Indonesia offers Chinese investors to invest in three industrial estates

Guangzhou, China, (ANTARA News) - The Indonesian Investment Coordinating Board (BKPM) has offered Chinese companies to invest in three industrial estates in the country.

The Indonesian government pledged to give attractive incentives to investors wishing to build plants or other facilities in Sei Mangkei industrial estate in Simalungun district, North Sumatra province; Manyar industrial estate in Gresik district, East Java province; and Kendal industrial estate in Kendal district, Central Java province.

"Indonesia is ranked ninth in the world in terms of security, stability and reforms," the boards director general of industrial estate promotion and facilities, Nurul Ichwan told hundreds of potential investors in Guangzhou, capital of Chinas Guangdong province, on Monday night.

Indonesia also climbed 19 places in the ease of doing business index 2018 from 91 to 72, he said.

"Hence, we invite Chinese investors to invest in Indonesia," he said in a business forum organized by the Indonesian Consulate General in Guangzhou and UOB Bank.

The Indonesian consul general based in Guangzhou, Gustanto said now is the proper time for Chinese investors to invest in Indonesia as the government continues to improve its policies to facilitate foreign investment inflows by ensuring legal certainty.

"I believe Chinese investors will increase their investment in Indonesia since investment opportunities (in the country) are getting wider," he said.

Meanwhile, the deputy chairman of the Chamber of Commerce and China Council for the Promotion of International Trade (CCPIT) of Guangdong Province, Fan Xilin said he is ready to help promote investment opportunities in the Indonesian industrial estates.

"Indonesia is the most important partner for Guangdong province," he said.

Trade between Indonesia and Guangdong was valued at US$13.395 billion in 2017. In the first eight months of 2018, the figure reached US$10.327 billion.

Following the meeting, Chinese potential investors met with BKPM officials to know more about investment opportunities in Indonesia.

Source: ANTARA News

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